Fraudster who purchased three Spanish villas and two Rolex watches with taxpayers money after VAT rip-off is ordered to pay again £1.2m or face one other seven years in jail
- Graham Drury, 71, from Wrexham, was jailed for five-and-a-half years for fraud
A jailed fraudster who purchased three Spanish villas after stealing from the taxpayer has been informed to cough up £1.2million or face one other seven years in jail.
Graham Drury, 71, previously from Rossett in Wrexham, was jailed for five-and-a-half years in 2021 after submitting fraudulent VAT returns to HM Income and Customs (HMRC) totalling greater than £1.8million.
At a listening to in Mould Crown Courtroom on Friday, Drury was informed he had three months to pay a £1.2million confiscation order.
If he didn’t accomplish that in time, his jail sentence can be elevated by seven years.
The 71-year-old claimed the fraudulent repayments through the use of his firm, Drury Machine Gross sales Ltd, on equipment that was by no means bought.
Graham Drury, 71, previously from Rossett in Wrexham, was jailed for five-and-a-half years in 2021 after submitting fraudulent VAT returns
Pictured: One of many villas situated in Spain which Drury purchased utilizing the stolen cash
In addition to shopping for three villas in Spain with the stolen cash he purchased a property within the UK and a BMWX6.
He additionally bought two Rolex watches and his belongings included £100,000 in a checking account.
The HMRC restrained the entire villas, the watches and the £100,000.
If Drury doesn’t pay the confiscation order then the belongings will likely be disposed of and the proceeds will go into the general public purse.
The 71-year-old was arrested on January 13, 2019, and was charged with VAT fraud totalling £1,887,010.
He pleaded responsible to the VAT fraud at Mould Crown Courtroom on August 2, 2021, and was sentenced the next day.
The 71-year-old is now being informed he has three months to pay a £1.2million confiscation order
A have a look at one of many two Rolex watches Drury additionally bought following the fraud
The 71-year-old claimed the fraudulent repayments through the use of his firm, Drury Machine Gross sales Ltd, on equipment that was by no means bought
